RKVY-RAFTAAR Agri Business Incubator (R-ABI)

R-ABl is a scheme funded by Ministry of Agriculture and Farmers’ Welfare (MoA & FW). It aims at strengthening the infrastructure in agriculture and allied areas in order to promote agripreneurship and agri business by providing financial support

What Does (R-ABI)Do

Since May 2018, as a part of a CSR initiative, Cisco Systems along with NASSCOM Foundation has established a Cisco thingQbator at IIT (BHU) Varanasi. This AI and IoT-based makerspace program help to accelerate innovation and entrepreneurship among the student community.

RKVY-RAFTAAR Agri Business Incubator image
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Programs

Ankuran (Idea To Product Stage)

Students / Youth working on innovative ideas can apply for Agripreneurship Orientation Program for 2 months. Stipend of 10000 per month After training completion, selected start-ups will be provided grant-in-aid support (90% of the project cost, maximum up to Rs. 5 lakhs) to launch the product.

Prasfutan (Product To Market Stage)

Start-ups with Minimum Viable Product {MVP) can apply for the program. After successful completion of this 2 months local residency phase, selected start-ups will be provided grant-in-aid support (85% of the project cost, maximum up to Rs. 25 lakhs) to scale up the operations.

Selection Process

RIC-1

The cohort is launched. Applications are screened and called to pitch idea to the RIC

RIC-2

Startups show progress of the idea to the RIC after completion of 2 months local residency and AOP (this year 13 startups were shortlisted for CIC)

CIC

Committee reviews progress and based on that recommends grant in aid amount to funding agency (RKVY). (Out of 13, 9 startups selected this year)

Provided Facilities

  • Makerspace Network
  • Cisco Sparkboard
  • Sensors & Actuators Components
  • Webex Teams